Corning To Bring Generation 8 Capability to Taiwan
26 Aprile 2007 - 12:00AM
Business Wire
Corning Incorporated (NYSE: GLW) announced today that its board of
directors has approved a capital expenditure plan of $129 million
to further expand manufacturing capacity for large-size glass
substrates for active matrix liquid crystal displays (LCD) at its
Taichung, Taiwan manufacturing facility. In addition to enabling
Generation (Gen) 8 manufacturing capabilities in Taiwan, the
investment will create additional finishing capacity for Gen 7.5.
The expenditure will be incurred over two and a half years, with
glass substrate production expected to begin by mid-2008. �Very
large Gen sizes, such as Gen 8, are all about TV,� said James P.
Clappin, president of Corning Display Technologies. �As LCD becomes
a leading technology for televisions in the 40-inch and larger size
range, this expansion helps our customers in Taiwan and Japan meet
the growing demand.� �Bringing Gen 8 finishing capability to the
Taichung facility offers the flexibility of meeting future Taiwan
demand with local capacity,� said Alan T. Eusden, president,
Corning Display Technologies Taiwan. At 2160 x 2460 mm, Gen 8 is
currently the largest glass substrate available, but
next-generation substrates are already on the horizon. About
Corning Incorporated Corning Incorporated (www.corning.com) is the
world leader in specialty glass and ceramics. Drawing on more than
150 years of materials science and process engineering knowledge,
Corning creates and makes keystone components that enable
high-technology systems for consumer electronics, mobile emissions
control, telecommunications and life sciences. Our products include
glass substrates for LCD televisions, computer monitors and
laptops; ceramic substrates and filters for mobile emission control
systems; optical fiber, cable, hardware & equipment for
telecommunications networks; optical biosensors for drug discovery;
and other advanced optics and specialty glass solutions for a
number of industries including semiconductor, aerospace, defense,
astronomy and metrology. Forward-Looking and Cautionary Statements
This press release contains forward-looking statements that involve
a variety of business risks and other uncertainties that could
cause actual results to differ materially. These risks and
uncertainties include the possibility of changes in global economic
and political conditions; currency fluctuations; product demand and
industry capacity; competition; manufacturing efficiencies; cost
reductions; availability of critical components and materials; new
product commercialization; changes in the mix of sales between
premium and non-premium products; new plant start-up costs;
possible disruption in commercial activities due to terrorist
activity, armed conflict, political instability or major health
concerns; adequacy of insurance; equity company activities;
acquisition and divestiture activities; the level of excess or
obsolete inventory; the rate of technology change; the ability to
enforce patents; product and components performance issues; stock
price fluctuations; and adverse litigation or regulatory
developments. Additional risk factors are identified in Corning�s
filings with the Securities and Exchange Commission.
Forward-looking statements speak only as of the day that they are
made, and Corning undertakes no obligation to update them in light
of new information or future events.
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